Review Sheet - Review Sheet IIICauses of the Great...

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Review Sheet I- Causes of the Great Depression 1929-1940: - Mines, lumbering, and agriculture lose demand from WWI: overproduction. - Decrease in farm prices: farmers can’t pay for loans on machinery. - Europpean economic problems - U.S. had no foreign markets to expand. - Price supports: government buys crops from farmers. - People buy on credit; less money in circulation (sometimes isn’t there) - Uneven income distribution: imbalance of wealth, no savings. - Stock Speculation: buying bonds for quick profit. - Hoover: “I have no fear…” II- The Great Depression - Banks close - Black Tuesday: stocks are all sold, hige debts. Stock market crashes. - Hoover doesn’t do much. - Hoovervilles Prosperity: optimism, production, jobs, credit-banks have money Recession: concern, lowered demand, people scared with money. Depressions: pessimism, stock market crashes Recovery: hopefulness, increase in production. Hoover v Roosevelt, FDR wins by landslide
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This note was uploaded on 04/08/2008 for the course GOVERNMENT 200 taught by Professor Orvis during the Spring '08 term at Hamilton College.

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Review Sheet - Review Sheet IIICauses of the Great...

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